SOMETHING FOR THE WEEKEND
Gordon Gekko.
There’s plenty of excitement in the financial blogosphere about The Big Short — the new movie about the credit crisis of 2007-08, based on the book by Michael Lewis, and starring Christian Bale, Steve Carrell and Brad Pitt. Frustratingly, I still have a few days to wait before it’s released in the UK, but for me (and I suspect many of my generation) the quintessential financial movie was Wall Street.
The film is best known for its central character, the broker Gordon Gekko, played by Michael Douglas, who memorably declared that “greed is good”. (“Lunch is for wimps” and “You need a friend, get a dog” are other Gekko-isms that have stuck in my memory.)
Wall Street is very much seen today as a film of its time, a critique of the quick-buck culture and the excess prevalent in the financial industry in the 1980s. But are things really so very different now than they were then?
What else they’re saying about The Big Short..
The Big Short review (Sandy Schaefer)
The Big Short gets it right (Barry Ritholtz)
4 adviser takeaways from The Big Short (Grant Webster)
Other recent TEBI posts you may have missed..
Recent winners are often just the funds to avoid
8 things the diet and investment industries have in common
Why should investors pay for overtrading fund managers?
Never mind bips. Why can’t they just send us a bill?
Encore! Another look at our most clicked-on posts so far
LOVE this..
No, your fund manager doesn’t know how jellyfish impact real estate in Hong Kong (Helaine Olen & Harold Pollack)
Also worth reading..
Behavioural finance:
The difference between patience and stubbornness (Morgan Housel)
Investors should should make it their New Year resolution to block out the noise (Robert Seawright)
Stop speculating on the likelihood of future rate rises. It’s irrelevant (Mark Hebner)
Some practical tips for avoiding investment depression (Larry Swedroe)
Learn to let go of financial peer pressure (Carl Richards)
Fund industry:
Record inflows for Vanguard show the tide has turned against active management (Sarah Krouse)
The stunning rise of passive investing in the United States (Julie Verhage)
Why hedge funds are sucking wind (Cullen Roche)
“It is shamefully clear now that Osborne has let the banks off the hook” (Andreas Whittam Smith)
US regulator warns mutual funds on mischaracterising fees (Lisa Lambert)
Financial advice:
How banks flogged risky investments to loyal savers.. then abandoned them by scrapping financial advice (Sylvia Morris)
Do you have a financial adviser, or a financial product salesman? (Ben Carlson)
Many financial advisers are in denial about conflicts of interest (Allan Roth)
Ethical investing:
A win for socially responsible investing: rethinking “sin stocks” (Wesley Gray)
Calling all evidence-based advisers..
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Robin is a journalist and campaigner for positive change in global investing. He runs Regis Media, a niche provider of content marketing for financial advice firms with an evidence-based investment philosophy. He also works as a consultant to other disruptive firms in the investing sector.
